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CarParts.com, Inc. (PRTS) Stock Forecast & Price Target

CarParts.com, Inc. (PRTS) Analyst Ratings

Based on 9 analyst ratings
Buy
Strong Buy 56%
Buy 11%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

CarParts.com Inc has demonstrated strong financial performance, evidenced by a significant gross margin expansion of 230 basis points year-over-year, reaching 35.2%, which surpasses expectations driven by improved product margins and strategic price increases. The company also experienced a noteworthy increase in mobile app downloads, surpassing 550,000, indicating growing consumer engagement and potential for future sales growth. Furthermore, CarParts.com possesses substantial opportunities to increase its online market share while exploring longer-term revenue initiatives such as offering mobile mechanic services, reinforcing a positive outlook for sustained growth.

Bears say

The financial outlook for CarParts.com reflects significant challenges, evidenced by a substantial year-over-year decline in net sales of 18.5% in the second quarter, coupled with a 13% decline to $145 million, which fell short of expectations. Management has revised down 2024 sales guidance to a range of $595-600 million, indicating a need for a robust recovery in the second half of the year to meet even the lowered targets. Furthermore, projections suggest continued sales declines of 17% and 15% for the upcoming third and fourth quarters, respectively, highlighting ongoing sales softness and reduced visibility into future performance.

CarParts.com, Inc. (PRTS) has been analyzed by 9 analysts, with a consensus rating of Buy. 56% of analysts recommend a Strong Buy, 11% recommend Buy, 33% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of CarParts.com, Inc. and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About CarParts.com, Inc. (PRTS) Forecast

Analysts have given CarParts.com, Inc. (PRTS) a Buy based on their latest research and market trends.

According to 9 analysts, CarParts.com, Inc. (PRTS) has a Buy consensus rating as of Jul 3, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $7.89, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.89, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

CarParts.com, Inc. (PRTS)


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